Key takeaways
- VeChain price projection suggests a peak price of $0.0455 by December 2024.
- Traders can expect a minimum price of $0.0802 and a maximum price of $0.0948 by 2027.
- By 2030, VeChain’s price could potentially surge to $0.16.
Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.
Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.
VeChain overview
| Cryptocurrency | VeChain |
| Token | VET |
| Price | $0.02280 |
| Market Cap | $1,749,948,124 |
| Trading Volume (24-h) | $15,028,500 |
| Circulating Supply | 80,985,041,177 VET |
| All-time High | $0.2782, Apr 17, 2021 |
| All-time Low | $0.001678, Mar 13, 2020 |
| 24-h High | $0.02218 |
| 24-h Low | $0.02096 |
VeChain price prediction: Technical analysis
| Volatility | -2.42 % |
| Sentiment | Bearish |
| 50-Day SMA | $0.0238 |
| 200-Day SMA | $0.0336 |
| Price Prediction | $0.0464 (114.94%) |
| F & G Index | 31.63 (fear) |
| Green Days | 14/30 (47%) |
| 14-Day RSI | 41.33 |
VeChain price analysis
TL;DR Breakdown
- VeChain price analysis shows a consolidating pattern.
- The VET coin has fallen by over 2.40% at the time of writing.
- VeChain prices have sought support and resistance at $0.02000 and $0.02100, respectively.
The VeChain price analysis for September 11, shows VET has fallen back towards the $0.02000 mark as bulls get rejected at the $0.02100 mark. This bullish support has enabled the price to return to $0.02100 but the selling pressure at $0.02100 is still strong. The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include SOL and ETH recording a 3.74 and a 1.96 percent decline, respectively.
VeChain price analysis 1-day chart: $0.02100 resistance holds as bulls fail to breach the level
The 24-hour VET/USD price chart indicates a broader downward trend as prices move toward the $0.02100 level. The lack of bullish support between $0.02700 and $0.02100 suggests strong bearish activity across the short-term markets that has dictated price action across the mid-term charts.
The indicators reflect a declining bearish dominance, as all three major technical indicators signal a reversing bearish trend. The MACD is bullish but only at 0.00010 showing little bullish momentum, the EMAs are below the mean position, and the indicator shows a slight bullish momentum. The RSI also shares this sentiment, falling to 46.07 from the 35.00 index level. The converging Bollinger Bands suggest decreasing volatility, indicating that the $0.02000 support may not hold for the short term.
VeChain price analysis 4-hour chart
The 4-hour price chart of VET shows a steady decline as the price fell from above the $0.03200 mark to the $0.01900 support. The bulls’ recovery attempt followed as the price moved toward the $0.02300 mark again but failed as the bearish pressure proved too strong.
The RSI is at 44.93, suggesting that the asset is at the center of the neutral zone, which might indicate room for a further short-term price increase. However, the downwards slope suggests further retracing to the $0.02000 level instead of a breakout past $0.02300. The MACD suggests a rising bearish momentum, with the indicator at -0.00002. These indicators collectively suggest a rising bearish dominance.
VeChain technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 0.021697 | BUY |
| SMA 5 | $ 0.020816 | BUY |
| SMA 10 | $ 0.021279 | BUY |
| SMA 21 | $ 0.022943 | SELL |
| SMA 50 | $ 0.023932 | SELL |
| SMA 100 | $ 0.026295 | SELL |
| SMA 200 | $ 0.032982 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 0.0224 | SELL |
| EMA 5 | $ 0.022694 | SELL |
| EMA 10 | $ 0.023005 | SELL |
| EMA 21 | $ 0.023771 | SELL |
| EMA 50 | $ 0.025633 | SELL |
| EMA 100 | $ 0.028306 | SELL |
What to expect from VeChain price analysis?
The VeChain price analysis shows that the VeChain market observes strong bearish momentum, causing the price to fall from the $0.03900 mark towards the $0.02000 mark. While the bulls find strong support at the $0.02000 mark and rose back to the $0.02100 mark, the buyers find it difficult to cross the $0.02200 level.
Traders should expect VET to fall to the $0.02000 mark with a foothold at the current support level, at $0.02100, which has proven to be a solid foundation for VET in the past. Moreover, the rising trade volume suggests increasing trade activity for the asset, suggesting a momentum change. As such, the price can be expected to move between the $0.01800-$0.02200 price level across the short-term charts. However, a decline below the $0.01800 mark may send the price to the $0.01600 mark.
Is Vechain a good investment?
VeChain stands out in cryptocurrency because it focuses on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations appeal to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.
Why is VET down?
VeChain’s price hit a key resistance level as the bulls crushed resistance levels below the $0.02100 mark. However, the $0.02100 resistance has held on, and the buying momentum was crushed as the bears held strong. Since then, the price has declined back to $0.02000 as the buying pressure has waned.
Will VET reach $0.03?
Based on the current market analysis and historical performance, VeChain (VET) is highly likely to rise to $0.03 in the next few months as the bulls gain momentum in the broader cryptocurrency market.
Will VET reach $0.05?
VET is projected to reach $0.05 with predictions indicating it could exceed this value in 2025.
Will VeChain reach $0.10?
Reaching $0.10 is ambitious and would require significant adoption and market growth. While possible, it’s uncertain and would depend on multiple factors, including the movement of the broader cryptocurrency market.
Does VET have a good long-term future?
VET has a good long-term future due to its strong use cases, growing adoption, and active development team.
Recent news/opinion on Vechain
VeChain recently announced the launch of Oobit that enables VET payments across 100 million retailers across the globe via Apple iOS
VeChain price prediction September 2024
In September 2024, the price of VeChain is anticipated to reach a minimum of $0.0174. The VET price can be expected to peak at $0.0263, maintaining an average of $0.0209 by the end of the month.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| September | 0.0174 | 0.0209 | 0.0263 |
VeChain price prediction 2024
In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0187. The VET price might peak at $0.0455, maintaining an average of $0.0421 by the end of the year.
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2024 | 0.0187 | 0.0421 | 0.0455 |
VeChain price prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 0.0448 | 0.0489 | 0.0535 |
| 2026 | 0.0613 | 0.0714 | 0.0758 |
| 2027 | 0.0802 | 0.0909 | 0.0948 |
| 2028 | 0.0802 | 0.0909 | 0.0948 |
| 2029 | 0.0990 | 0.11 | 0.11 |
| 2030 | 0.14 | 0.15 | 0.16 |
VET price prediction 2025
For 2025, VeChain (VET) is expected to reach a minimum price of $0.0448. It could potentially climb to a high of $0.0535, averaging around $0.0489.
VET price prediction 2026
By 2026, VeChain’s price is projected to trade at a minimum value of $0.0613. It might surge to a high of $0.0758, with an average price hovering around $0.0714.
VeChain (VET) price prediction 2027
Come 2027, VeChain is estimated to trade at a minimum of $0.0802. The price might reach a maximum price of $0.0948 and an average value of $0.0909.
VeChain (VET) price prediction 2028
In 2028, VeChain’s price will likely hit a floor of $0.0802. Based on analysis, it could peak at $0.0948, with an average price of $0.0909.
VeChain price prediction 2029
The VeChain price prediction for 2029 projects a minimum price of $0.0990, a maximum price of $0.11, and an average of $0.11.
VeChain (VET) price prediction 2030
In 2030, VeChain could be trading at a minimum of $0.14. The price might soar to $0.16, maintaining an average of $0.15.
VeChain price prediction 2024-2030
VeChain market price prediction: Analyst’s VET price forecast
| Firm | 2024 | 2025 |
| Coincodex | $0.0333 | $0.1278 |
| DigitalCoinPrice | $0.060 | $0.080 |
| CryptoPredictions.com | $0.058 | $0.064 |
Cryptopolitan’s VeChain (VET) price prediction
Cryptopolitan’s predictions show that VeChain will achieve a high of $0.0535 in the second half of 2024. In 2025, it will range between $0.0448 and $0.0535, with an average of $0.0489. In 2030, it will range between $0.14 and $0.16, with an average of $0.15. Note the predictions are not investment advice. Seek independent professional consultation or do your research.
VeChain historic price sentiment
- VeChain began in 2015 as a private consortium chain for blockchain applications. It transitioned to a public blockchain with the ERC-20 token VEN in 2017 and launched its mainnet as VET in 2018.
- In 2018, VeChain partnered with DHL to develop blockchain solutions for logistics but saw a significant price correction, stabilizing at lower levels.
- The price remained relatively stable in 2019 and 2020 with occasional spikes, as VeChain continued to develop technology and form partnerships.
- In 2021, VeChain’s price surged to an all-time high of $0.20 in May but dropped to $0.070 by December.
- In 2022, VeChain attempted to recover but remained below $0.10, with continued volatility throughout the year and into early 2023.
- Towards the end of 2023, the price saw a slight uptick, stabilizing around $0.020 by early 2024.
- In 2024, VeChain’s price fluctuated, recovering to $0.025 by mid-March but dropping due to bearish trends, reaching a low of $0.019 by August. As of September, it trades around $0.021, reflecting ongoing market struggles.
